Midlands Rentals to Tumble 2pc As Recession Takes Hold ; Comm Prop

Summary

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Commercial property rentals in the Midlands will fall by at least two per cent in 2009 and in 2010 as the recession begins to bite, according to the latest research.

However, with sentiment in the sector worsening by the week, falls in rental value could exceed these levels, according to the findings of Grimley's Economic and Property Market Review.

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Extract

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Midlands Rentals to Tumble 2pc As Recession Takes Hold ; Comm Prop

The prospects for the overall economy are no better, says the report, with the UK economy weakened by 0.5 per cent during quarter three and the research predicting a 0.7 per cent fall in output ...

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